Form ADV
Most investment advisers use Form ADV to register with either the SEC or the state securities agency in the state where they have their principal place of business, depending on the amount of assets they manage. Form ADV consists of two parts. Part I contains information about the adviser’s education, business, and whether they’ve had problems with regulators or clients. Part II outlines the adviser’s services, fees, and strategies. If you are investigating an investment adviser, carefully review both parts of the Form ADV. If the adviser manages less than $25 million in assets, you can get a copy of the adviser’s Form ADV from your state securities regulating authorities. If the adviser manages $25 million or more, you can get it from the SEC. See also IARD and CRD.
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